Answer:
The price of trucking services would fall until equilibrium prices are reached. Only normal profit would be earned in the long run
Explanation:
A perfect competition is characterized by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.
In the long run, firms earn zero economic profit. If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.
Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.
Answer:
true, defiantily true
Explanation:
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Answer:
Income Share Agreements
Three-year degree programs
Partnerships
Freezing Tuition
Tuition Reset
Community College
Explanation:
Distillation is a process that can separate a mixture, composed of two or more components, by using selective evaporation and condensation. In this process is important to have the components with different boiling points, otherwise it's not possible to separate.
That means, that a good separation can be achieved if the boiling points have a large difference.
Answer:
$0.10 is the correct answer.
Explanation:
